PURE CARETAKING-ONLY, THE PERFECT 'ADD ON' IN COOLANGATTA | Resort Brokers ID : MRC008080
Under Contract / Offer
ResortBrokers offers to market, the caretaking-only, Management Rights business for Cyan Apartments, a quality permanent residential complex located in the vibrant suburb of Coolangatta.
For the incoming manager, there is one lot already in the letting pool and further potential to increase the income with 11 externally managed properties in the building providing an attractive opportunity to convert these into the letting pool.
With no office hours and no requirement to purchase real estate or live onsite, this is a fantastic 'add-on' for an existing local operator or an excellent entry-level opportunity.
Give Todd a call to secure this truly affordable Gold Coast business
- Premium residential complex
- Business-only caretaking opportunity with no real estate purchase required.
- Long-term security with a 9-year agreement in place.
- Flexible management structure with no set office hours.
- Perfect entry-level or add on business for local operator
- Potential for growth through conversion of outside agent lets.
- Prime location at the booming southern end of the Gold Coast, near Kirra Beach.
- Easily managed, low-maintenance property with minimal amenities.
- Inspection by appointment only.
Date updated: 26 Feb 2024 22:00:02
Price: Under Contract / Offer
Net Profit: $30,430 Remuneration / Body Corp Salary: $30,430
Complex InformationComplex Type: PermanentTotal Units in Complex: 26Total Units in Letting Pool: 1Owner Occupy Units: 11Outside Agent Units: 14Agreement Term Remaining: 9 years